Calamos Wealth Management LLC Has $16.95 Million Position in Linde PLC $LIN

Key Points

• Calamos Wealth Management LLC increased its position in Linde PLC by 3.8% during the second quarter, now owning 36,121 shares valued at approximately $16.95 million.
• Linde recently reported earnings of $4.09 EPS for the quarter, exceeding the consensus estimate, with revenues reaching $8.50 billion, reflecting a 2.3% year-over-year increase.
• The company announced a quarterly dividend of $1.50 per share with an annualized yield of 1.3%, along with a guidance for FY 2025 earnings between $16.300-$16.500 EPS.

Calamos Wealth Management LLC increased its position in Linde PLC (NASDAQ:LIN - Free Report) by 3.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,121 shares of the basic materials company's stock after buying an additional 1,315 shares during the period. Linde accounts for 0.7% of Calamos Wealth Management LLC's portfolio, making the stock its 29th largest holding. Calamos Wealth Management LLC's holdings in Linde were worth $16,947,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its holdings in Linde by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company's stock valued at $4,470,284,000 after purchasing an additional 453,108 shares during the last quarter. Wellington Management Group LLP grew its holdings in Linde by 18.6% during the first quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company's stock valued at $3,511,751,000 after purchasing an additional 1,182,157 shares during the last quarter. Nuveen LLC acquired a new position in Linde during the first quarter valued at approximately $2,097,793,000. Invesco Ltd. grew its holdings in Linde by 1.1% during the first quarter. Invesco Ltd. now owns 3,859,539 shares of the basic materials company's stock valued at $1,797,156,000 after purchasing an additional 40,931 shares during the last quarter. Finally, WCM Investment Management LLC grew its holdings in Linde by 1.9% during the second quarter. WCM Investment Management LLC now owns 3,401,590 shares of the basic materials company's stock valued at $1,577,624,000 after purchasing an additional 61,829 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company's stock.

Linde Stock Up 1.5%

Shares of LIN stock opened at $450.89 on Friday. The stock has a market cap of $211.43 billion, a P/E ratio of 32.07, a price-to-earnings-growth ratio of 2.98 and a beta of 0.93. Linde PLC has a one year low of $408.65 and a one year high of $487.27. The stock has a fifty day moving average price of $472.69 and a 200 day moving average price of $464.07. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78.

Linde (NASDAQ:LIN - Get Free Report) last issued its earnings results on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, topping the consensus estimate of $4.03 by $0.06. The firm had revenue of $8.50 billion during the quarter, compared to analysts' expectations of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.Linde's quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business earned $3.85 earnings per share. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Analysts predict that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 4th. Linde's dividend payout ratio (DPR) is 42.67%.

Insider Buying and Selling

In related news, Director Stephen F. Angel sold 50,309 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $473.38, for a total value of $23,815,274.42. Following the completion of the transaction, the director directly owned 480,543 shares of the company's stock, valued at $227,479,445.34. This trade represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on LIN shares. JPMorgan Chase & Co. increased their price target on Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Citigroup increased their price objective on Linde from $530.00 to $535.00 and gave the company a "buy" rating in a research report on Monday, October 6th. UBS Group reduced their price objective on Linde from $510.00 to $507.00 and set a "neutral" rating for the company in a research report on Monday, October 6th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Linde in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $520.00.

Linde Profile

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

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